Your costs include no soft costs (settlement, permitting/entitlements, finance charges, insurance, taxes and utilities.

The investor covers property insurance (around $600-$700/year) and property tax ($800-900/year).

No taxes as long as your primary residence. 

I am in a low tax bracket as I take alot of write offs.

However, Federal law (St.

I purchased it under my own personal name on this first one, cause we were competing to get there quick and my EIN hadn't come in yet.We do our own taxes but I have no clue what to put for this house purchase. 

There are obvious reasons such as affordability, taxes, landlord tenant laws, high paying jobs, and over all political environment.

They specialize in tax, but the barrier to entry is much lower than a CPA, so they might not have the same level of expertise in complex matters.

And it takes very little effort to gather since you have to do it anyway to prepare taxes. 

No commercial business owner wants to own the building when they can triple net lease and instead just pay for furnishings, taxes , insurance and maintenance.The ConC return on a triple net leased property is far higher than on a property owned by the management company.Passive investors can still take advantage of accelerated depreciation and cost segregation thru material participation of new construction of a STVR home.